Reported 8 months ago
During a visit to Minneapolis, US Treasury Secretary Janet Yellen revealed new investments aimed at supporting affordable housing financing over the next three years. With the 2024 election season heating up, this initiative comes as part of the Biden administration's efforts to address housing supply issues. The administration is focusing on lowering costs and increasing affordable housing options, with Yellen advocating for legislative actions to expand the low-income housing tax credit. Despite challenges in communicating these efforts to the public and concerns regarding effectiveness, the administration remains committed to addressing housing affordability as a key priority.
Source: YAHOO